The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: Bonefish who wrote (92351)	6/17/2013 6:35:08 PM
From: John Pitera	Read Replies (2) of 119358

Ask and thou shall receive... the Gold Chart has had a very anemic rally, the MACD has worked off the intense oversold condition and the blue are has been above zero since the $1336 low and we have very little upward price activity to show for it... the Stocastics are trailing off.... the systems traders have been relentlessly selling it at the 26 period Exponential Moving Average..... we had the $225 two day Elliott wave impulse move down and then have been giving people a chance to buy and some TIME to elapse.. Edit:... I have multiple scenerios and the market knows best and I just do what the systems tell me...24/7 5 and a half days each week we get more data pouring in from around the global...and it's truly a globally linked and correlated Macro Investment Landscape.. Now silver which has been leading gold is actually in a descending wedge which implies that it could stage a rally in the near term and so Gold may take another look at $1423 or even $1487 .... let me put up a few more charts...... John

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